Far East Knitting posts Tk 36 crore profit

Far East Knitting & Dyeing Industries Ltd reported a 3.7% increase in profit, reaching Tk 35.87 crore for the fiscal year ending June 30, 2024. The company’s earnings per share rose to Tk 1.64, with net operating cash flow per share at Tk 6.36. The board proposed a 14% cash dividend, its highest in a decade. Established in 1994, Far East Knitting has become a major player in Bangladesh’s textile sector, serving global brands. Its shares surged 12.2% to Tk 18.4 at the DSE.READ FULL